Utilities

Our Experience

The City of Mishawaka's municipally owned sewage works is working to make a nearly 60-year-old wastewater treatment facility meet federal guidelines of the Clean Water Act. Umbaugh analyzed various cost scenarios as the utility negotiated with the U.S. Environmental Protection Agency (EPA), the U.S. Department of Justice and the Indiana Department of Environmental Management (IDEM) to find a workable solution.

Governmental units are constantly seeking new, better and more cost-effective solutions to the demand for energy and other services. UMBAUGH takes a comprehensive approach that begins with constructing a customized financial plan for your utility. We then effectively and clearly communicate the financial plan to help you get the necessary support to make your plan successful.

Our Services for Utilities

If only it were as simple as turning on a faucet and letting an endless supply of resources flow to customers. But your job as the utility owner gets more difficult every day. Constantly increasing quality standards, new federal mandates and regulatory compliance are just the beginning. When times are good, you must plan ahead to serve more customers to support economic development. But when customers are closing their doors, you must reduce operations and budgets – and balance good service with rates your customers can afford.

Capital Planning – Utilities are capital-intensive. Like most municipal utilities, you may have aging infrastructure and equipment, need to grow and improve services or need to comply with ever-changing federal and state mandates. You need to find the resources to make those things happen. UMBAUGH can help you with:

Long-Range Capital Planning

Project Planning and Financial Development

Developing and Evaluating Funding Alternatives

Projects Financed by Federal Grants and Loans

Capital Investment Funding Through System Development Charges

Refinancing Existing Debt

Financial Presentations to Elected Officials and the Public

Bond Issuance – Your don’t issue bonds every day, and you’ve got to get it right. The stakes are too high to risk a mistake or miss an opportunity to save. Since UMBAUGH is an independent advisor, our only priority is doing what’s best for the municipal and cooperatively -owned utilities we represent. We can provide:

Official Statements and Bond Sale Preparations

Presentations to Bond Ratings Agencies

Evaluation of Bond Insurance Proposals

Competitive Bond Sales and Electronic Bidding Services

Negotiated Bond Sales and Private Placements

Coordination of Bond Closings

Assistance to the Trustee bank

Post Issuance – Unfortunately, paperwork does not go away after the bonds are sold. You as the bond issuer have a great deal of responsibility for reporting and compliance, at a time when you’d much rather pay attention to your bond-funded project. UMBAUGH can take those worries off your plate as well with:

In-Progress Construction Reports

Arbitrage Rebate Calculations

Continuing Disclosure Filings

Post Issuance Tax Compliance

Escrow Verifications

Parity Reports

Representative Projects

UMBAUGH has completed over a thousand bond issues ranging from $50,000 to over $500 million.

Brownsburg Municipal Water Utility

City of Rensselaer Utilities

Evansville Water and Sewer Utility

Goshen Municipal Water Utility

Jasper Municipal Electric Utility

Mishawaka Utilities

Noblesville Municipal Sewage Works

Plainfield Municipal Sewage Works

Princeton Municipal Sewage Works

Warsaw Municipal Sewage Works

Cash Advisory Serivces

Umbaugh Cash Advisory Services, LLC was developed as an independent business entity to help create
structured investment programs for our client's bond proceeds and operating funds.